Saudi Arabia to grant business visa within 24 hours

Updated 11 January 2017
0

Saudi Arabia to grant business visa within 24 hours

JEDDAH: Saudi Arabia has adopted a new mechanism to grant business visas for foreign investors within 24 hours.
Foreign Ministry official Usama Nugali confirmed the move to Arab News on Sunday.
The new measure is aimed at allowing foreign investors to obtain business visas electronically within a day.
The application system for new visas for businesspeople and business delegations became effective Jan. 1.
The process for visit visas for commercial firms working in Saudi Arabia will be applied within the next few days.
The step reportedly comes in accordance with directives of the Council of Economic and Development Affairs, which has called for stimulating the investment environment in a manner to improve business performance in the private sector.
Meanwhile, the Saudi Arabian General Investment Authority (SAGIA) is opening contact with businesspeople to whom visas were issued in a step to encourage investment in the Kingdom.
SAGIA authorities aim to process requests of foreign business delegations in a two-day period instead of the previous 30 days.


Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

Updated 22 January 2019
0

Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

JEDDAH: Saudi Aramco’s Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a “Lighthouse” manufacturing facility and a leader in technology applications of the Fourth Industrial Revolution. 
Saudi Aramco is the first energy company globally to be included in this select group of manufacturing sites. The plant is also the only facility in the Middle East to be recognized by WEF. 
The announcement was made ahead of WEFs annual meeting in Davos, Switzerland.
The gas plant is one of the world’s largest gas processing plants and was commissioned in 1981 as part of Saudi Aramco’s Master Gas System to process associated gas from oil wells. 
The use of drones and wearable technologies to inspect pipelines and machinery has helped cut inspection time by 90% in this industrial facility.
“The recognition of the Uthmaniyah Gas Plant demonstrates Saudi Aramco’s shift to transform and adapt in the rapidly changing global energy landscape. Uthmaniyah is only one part of our large integrated energy value chain where IR 4.0 technologies are playing a critical role to enable significant capital and operational efficiencies,” said Amin H. Nasser, Chief Executive Officer of Saudi Aramco.
The seven new facilities join nine other “Manufacturing Lighthouses” which WEF unveiled in September 2018. The 16 factories were selected from an initial list of 1,000 manufacturers based on their successful implementation of cutting-edge technologies of the future that drive financial and operational impact.
The “Lighthouse” program was conducted by WEF in collaboration with McKinsey during a year-long study. A study team visited UGP in Saudi Arabia and performed a thorough audit.